Activision Blizzard Earnings and Revenue Higher with Diablo, Call of Duty and Candy Crush

Video game publisher Activision Blizzard reported better than expected third quarter earnings after the close Monday and updated on a pending acquisition of the company by Microsoft Corporation ($MSFT). Activision Blizzard ended the third quarter with 368 million monthly active users with its segment seeing revenue up double-digits thanks to the launch of “Diablo II: Resurrected” and “Diablo Immortal.” Released in October “Call of Duty: Modern Warfare II” was the fastest-selling title in the history of the franchise. $ATVI saw … Continue reading “Activision Blizzard Earnings and Revenue Higher with Diablo, Call of Duty and Candy Crush”

Gamestop Report Earnings With Chewy Founder Cohen Betting on E Commerce Evolution

Video game retailer GameStop reported mixed third quarter earnings after the close Tuesday  $GME stock has been a hot stock in 2020 with investors like Scion’s Michael Burry and Chewy’s Ryan Cohen and is one of the most heavily shorted stocks on the market with approximately 90% of the shares in lending programs. $GME fell 20% on the report.

Activision Blizzard Revises Earnings Higher on Soaring Gaming Engagement and Revenue Due to Lockdown

Video game publisher Activision Blizzard reported better than expected second quarter earnings and guided its full year 2020 guidance. $ATVI saw growth from World of Warcraft Classic and core games include Overwatch, Call of Duty, and Candy Crush mobile games.

Sony Earnings Savaged by Pandemic, Hitting Forex, Financial and Electronics

Japanese electronic giant Sony reported worse than expected earnings for the three months ended March 31 on Tuesday. SNE’s move to a subscription model in gaming and music is lessening the Covid impact however. Playstation sales were low ahead of PlayStation5.

Call of Duty and World of Warcraft Classic Boost Activision Blizzard Earnings

Video game publisher Activision Blizzard  reported better than expected third quarter earnings and guided higher. $ATVI saw growth from its World of Warcraft Classic launch. Core games include Overwatch, Call of Duty, and Candy Crush mobile games.

Gamestop Plunges 40% After OP Sales Miss and Cancels Dividend

Video game retailer GameStop reported first quarter earnings with a better EPS but missed on sales down 13% year-over-year to $1.5 billion seeing $GME plunge 40%. While escapism is in vogue, Fortnite and online has changed the landscape.

Activision Blizzard Stock Sharply Lower After Holiday Season Outlook

Video game publisher Activision Blizzard  reported worser than expected third quarter earnings and guided lower for next quarter confirming concerns about holiday sales. The report followed a not so well received Diablo Immortal at BlizzCon 2018.

Fortnite Success Clouds Activision Blizzard Video Game Earnings Outlook

Video game publisher Activision Blizzard $ATVI was downgraded along with Electronic Arts $EA by Bank of America Merril Lynch with concerns about holiday sales. Despite expected strong sales of  Call of Duty WWII the success of Fortnite concerns analysts.